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Defense Mergers Don't Trouble
The Pentagon, Official Reports

By

Thomas E. RicksStaff Reporter of The Wall Street Journal

Updated Dec. 10, 1996 12:01 a.m. ET

WASHINGTON -- Despite the hectic pace of recent mergers in the defense industry, the Defense Department remains essentially content with the speed and direction of the industry's consolidation, said John Goodman, deputy undersecretary of defense for industrial affairs and installations.

"The consolidation to date hasn't created a problem for us," he said. Over the past year, he said, the Pentagon, as part of its new antitrust role, reviewed 14 transactions. "In none of these cases did we see a reason to recommend...